Business Financing Honolulu HI

“Dream financiers” - you know who they are - bankers, venture capitalists, those extraordinary high net-worth individuals called “angel investors” who can make your startup business financing happen. Knowing who they are is one thing, but getting to them is another thing all together. In all of the murkiness of raising funds for a new business, one thing’s for certain: someone is getting through. Angel investors backed 48,000 companies to the tune of $22 billion in 2004 alone!

So how can you turn these “dream” financiers into “your” financiers? We’ve successfully raised tens of millions from angel investors to provide startup business financing, and below is a little street wisdom we’ve accumulated about how to network with the money people.

Prime the pump

Imagine you’re a big-time investor or perhaps a lender. If a total stranger approached you for money, would you be likely to jump in? But what if you already had a months-long rapport with the entrepreneur? Or what if you were introduced by a trusted contact? Then would you give it more serious consideration? Statistics indicate that, yes, you would.

Familiarity always increases the odds of business financing success. It’s all about building and maintaining relationships, especially before you actually need the money. When you’re needy, it’s the worst time to try to get startup funding because you have no leverage.

Copyright 2009 StartupNation, LLC

Click here to read more from StartupNation